Verifone Systems, Inc. (PAY) Expected to Announce Earnings of $0.43 Per Share
Equities research analysts expect Verifone Systems, Inc. (NYSE:PAY) to report $0.43 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Verifone Systems’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. Verifone Systems posted earnings of $0.30 per share during the same quarter last year, which would indicate a positive year over year growth rate of 43.3%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, December 12th.
On average, analysts expect that Verifone Systems will report full year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.29 to $1.31. For the next financial year, analysts anticipate that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Verifone Systems.
Verifone Systems (NYSE:PAY) last posted its earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $466.90 million for the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a positive return on equity of 11.19% and a negative net margin of 9.76%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share.
PAY has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $23.00 target price (up from $20.00) on shares of Verifone Systems in a report on Monday, September 11th. Zacks Investment Research upgraded Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub lowered Verifone Systems from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Piper Jaffray Companies restated a “hold” rating and issued a $20.00 price target on shares of Verifone Systems in a report on Friday, September 8th. Finally, BTIG Research restated a “hold” rating on shares of Verifone Systems in a report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Verifone Systems has a consensus rating of “Hold” and a consensus price target of $19.33.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new stake in Verifone Systems during the third quarter worth about $108,000. Riverhead Capital Management LLC increased its position in Verifone Systems by 80.9% during the second quarter. Riverhead Capital Management LLC now owns 6,693 shares of the business services provider’s stock worth $121,000 after buying an additional 2,993 shares during the last quarter. LS Investment Advisors LLC increased its position in Verifone Systems by 22.3% during the second quarter. LS Investment Advisors LLC now owns 9,213 shares of the business services provider’s stock worth $167,000 after buying an additional 1,679 shares during the last quarter. Timber Hill LLC acquired a new position in Verifone Systems during the second quarter worth approximately $214,000. Finally, NGAM Advisors L.P. increased its position in Verifone Systems by 5.2% during the second quarter. NGAM Advisors L.P. now owns 12,628 shares of the business services provider’s stock worth $229,000 after buying an additional 622 shares during the last quarter.
Verifone Systems (NYSE PAY) opened at $17.30 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.10 and a current ratio of 1.32. The firm has a market capitalization of $1,920.00, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.30 and a beta of 2.01. Verifone Systems has a twelve month low of $15.10 and a twelve month high of $21.48.
Verifone Systems Company Profile
VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.
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